Bitcoin is soaring, approaching the housing prices of first-tier cities
In fact, as early as the end of July, the author wrote an article on the topic of Bitcoin: "Bitcoin Cash is coming, are you ready?" At that time, the author predicted that Bitcoin would rise sharply, but it came true.
According to the transaction data of the foreign bitcoin trading platform Bitstamp, bitcoin broke through the $6,000 (about 40,000 yuan) mark on October 21, and is still setting new highs. So what caused Bitcoin to surge by more than 50% in just one month despite the regulatory environment? Although the recent growth of Bitcoin has been accompanied by a lot of controversy, there is still no conclusion about the future development of Bitcoin.
The main reasons for the rise of Bitcoin in this round are: the shortage of cash in Zimbabwe, the increase in the frequency of margin trading and so on.
Behind Bitcoin's Growth
For many years, transnational crime and trade has been a recurring topic. As JPMorgan Chase CEO Dimon said, the real value of Bitcoin is crime and money laundering, and Bitcoin will be blocked sooner or later.
It is precisely for these reasons that on September 4, seven ministries and commissions, the People's Bank of China, the Central Cyberspace Administration, the Ministry of Industry and Information Technology, the State Administration for Industry and Commerce, the China Banking Regulatory Commission, the China Securities Regulatory Commission, and the China Insurance Regulatory Commission jointly issued the "Guidelines on Preventing Token Issuance and Financing Risks". Announcement", the report stated that there has been a large number of domestic financing activities through the issuance of tokens, including initial coin offerings (ICOs), speculation is prevalent, and illegal financial activities are suspected, which has seriously disrupted the economic and financial order.
Bitcoin China, one of the early bitcoin exchanges, stopped all transactions to Chinese customers at the end of September.
How much do you know about the blockchain technology behind bitcoin
In 2008, a pseudonym Satoshi Nakamoto wrote an article called "Bitcoin: A Peer-to-Peer Electronic Cash System", which focused on Bitcoin and first mentioned the use of Bitcoin to record transactions. Blockchain of information. However, in the following years, neither Bitcoin nor blockchain has attracted the attention of the public.
However, in 2013, Bitcoin entered the public eye due to its price surge. On November 29, 2013, the trading price of Bitcoin on the popular exchange Mt. The first bitcoin conference was held in Prague, Czech Republic. At this time, the price of bitcoin was only $12.6, a 98-fold increase in one year. It was also in 2013 that Bitcoin attracted the attention of regulatory agencies in the United States, Germany, and China. Its legal status as a virtual asset began to be recognized by the government, and the development of Bitcoin entered a new era.
